The Daily Populous Monday June 30th, 2025 day edition
Authored by canada.ca and submitted by Georgeika

June 29, 2025 - Ottawa, Ontario - Department of Finance Canada

Canada’s new government is engaged in complex negotiations on a new economic and security partnership with the United States, focused on getting the best deal for Canadian workers and businesses. Prime Minister Carney has been clear that Canada will take as long as necessary, but no longer, to achieve that deal.

To support those negotiations, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States. Consistent with this action, Prime Minister Carney and President Trump have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025.

The DST was announced in 2020 to address the fact that many large technology companies operating in Canada may not otherwise pay tax on revenues generated from Canadians. Canada’s preference has always been a multilateral agreement related to digital services taxation. While Canada was working with international partners, including the United States, on a multilateral agreement that would replace national digital services taxes, the DST was enacted to address the aforementioned taxation gap.

The June 30, 2025 collection will be halted, and Minister Champagne will soon bring forward legislation to rescind the Digital Services Tax Act.

42aross on June 30th, 2025 at 02:43 UTC »

Negotiating with someone who often acts in bad faith is a waste of time.

Eskomo on June 30th, 2025 at 02:41 UTC »

If you give him an inch he will expect a mile. I understand that the DST is peanuts compared to the damage the broad tariffs will have on us, but I don't like the precedent we are setting by caving.

We should be having negotiations in private not through unhinged truth social posts.

NotAtAllExciting on June 30th, 2025 at 02:21 UTC »

So disappointed. All because Trump and Trump’s billionaire buddies want to be more insanely wealthy than they already are. Meanwhile, jobs lost because AI doesn’t ask for vacation time and benefits.